Bank Dhofar SAOG (BKDB)

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News

16 October 2018 05:16 PM Profit of Omani banks hikes 12% in Q3

By: Salama Abdel Rahman Mubasher: Profits of banks operating in Oman and listed on the Muscat Securities Market (MSM) witnessed an 11.55% year-on-year increase for the third quarter of 2018. Net profits of eight lenders amounted to OMR 96.59 …

Banking and Finance

21 May 2017 05:19 PM Dhofar Bank, PEIE ink OMR 50m facility deal

Mubasher: Dhofar Bank signed a facility agreement worth OMR 50 million with the Public Establishment for Industrial Estates (PEIE), according to a statement. Under the deal, the bank will finance several infrastructure projects carried out by the …

Companies Investments

3 May 2017 05:51 PM Omani banks’ profits rise 4% in Q1 – Report

By: Salama AbdelRahman Mubasher: Financial data for banks listed on the Muscat Securities Market (MSM) showed a 3.76% year-on-year growth in profits for the first quarter of 2017. The combined profits of eight banks stood at OMR 87.28 million …

Financial Results

18 April 2017 10:48 AM Al Ojaili named Bank Dhofar CEO

Mubasher: Bank Dhofar on Tuesday announced appointing Abdul Hakeem Omar Al Ojaili as its CEO. Al Ojaili was the bank’s acting CEO since October 2013, and has more than 26 years of banking experience, according to a filing to the Muscat Securities …

Management Decisions

13 April 2017 01:59 PM Bank Dhofar Q1 profits decline 8% to OMR 12.5m

Mubasher: Bank Dhofar’s profits declined 7.7% in the first three months of 2017 to OMR 12.51 million ($32.38 million), compared to OMR 13.56 million ($35.10 million) in the same period in 2016. Customers’ deposits increased 11.4% to reach OMR 3.13 …

Financial Results

28 March 2017 11:47 AM Bank Dhofar to distribute 13.5 baisas/shr, 7.5% bonus shares

Mubasher: The ordinary general meeting (OGM) of Bank Dhofar approved the board of directors’ suggestion to distribute cash dividends and bonus shares for 2016. Cash dividends distribution amount to 13.5% of the capital at 13.5 baisas per share. …

Cash Dividends

30 January 2017 00:38 PM Moody’s says 3 Omani banks face profitability pressures

Mubasher: Bank Muscat, Bank Dhofar and National Bank of Oman are experiencing dual profitability pressures, increasing competition for financial products, according to a statement. However, Moody's considers that Bank Muscat as the best positioned …

Ratings

26 January 2017 10:47 AM Bank Dhofar proposes 25% dividends for FY16

Mubasher: The board of Bank Dhofar has recommended a distribution of 25% dividends as 13.5% cash dividends and 7.5% bonus shares for the fiscal year 2016. The dividend payout has a value of OMR 25.64 million, while the bonus shares will total …

Event

15 January 2017 11:36 AM Bank Dhofar Q4 profits up 19.5%

Mubasher: Bank Dhofar’s initial un-audited financial results showed a 19.5% decline in the company’s profits for the fourth quarter of fiscal 2016 to OMR 10.75 million ($27.82 million), compared to OMR 13.37 million ($34.6 million) for Q4-15. …

Financial Results

2 November 2016 01:46 PM Q3 profits of MSM-listed banks decline 12%

By: Islam Fadl Mubasher: The financial statements of the banks listed on the Muscat Securities Market (MSM) showed a 12.1% fall in their profits for the third quarter of fiscal 2016. Total profits of the eight listed banks reached OMR 88.8 million …

Financial Results

27 October 2016 00:23 PM CMA approves Bank Dhofar rights issue

Mubasher: Bank Dhofar said Thursday that the Capital Market Authority (CMA) has approved the subscriptions for the rights issue. The bank received applications for a total of OMR 42.76 million, against an issue size of OMR 40 million, with …

Initial Public Offerings

17 October 2016 00:23 PM Bank Sohar, Bank Dhofar not to merge

Mubasher: Bank Sohar and Bank Dhofar were unable to reach and conclude a binding merger agreement due to difference in views around material aspects of the draft merger deal. Negotiations about the merger are ceased and Bank Sohar continues to …

Companies Investments

16 October 2016 03:19 PM Bank Dhofar, Bank Sohar cancel merger agreement

Mubasher: Bank Dhofar announced on Sunday that the negotiations over the merger with Bank Sohar will not benefit the shareholders. The bank pinpointed that the two banks failed to reach an agreement regarding drafting of main articles to complete …

Mergers and Acquisitions

13 October 2016 02:12 PM Bank Dhofar Q3 profit rises 32%

Mubasher: Bank Dhofar’s profits for the third quarter of the fiscal year 2016 grew by 32.2% to OMR 14.24 million ($36.36 million), versus OMR 10.77 million ($27.88 million) for Q3-15. In the first nine months of 2016, net profit increased 10.4% to …

Financial Results

21 September 2016 11:08 AM Subscription for Bank Dhofar’s rights Issue 5 October

Mubasher: Bank Dhofar set the subscription for the rights Issue from 5 to 19 October, according to a bourse statement. The rights trading period will begin from 2 to 16 October, while the record date for the rights issue will be on 27 September. …

Corporate Actions

9 August 2016 08:21 AM Merger of Bank Dhofar, Bank Sohar to see challenges

Mubasher: The proposed merger between Bank Dhofar and Bank Sohar will bring long-term benefits with an overall positive impact on Dhofar's credit profile, according to a report published by Moody's Investors Service. However, such merger will …

Mergers and Acquisitions

28 July 2016 01:05 PM Bank Dhofar approves rights issue

Mubasher: Bank Dhofar’s board of directors approved on Wednesday a rights issue worth OMR 40 million, with an issue price of 200 baisas per share, consisting of a nominal value of 100 baisas, a premium of 98 baisas, plus issue expenses of 2 …

Corporate Actions

14 July 2016 09:05 AM Bank Dhofar profits rise in Q2

Mubasher: Bank Dhofar posted a growth of 16.2% year-on-year in its profits for the second quarter of 2016, according to a bourse filing. Profits stood at OMR 12.61 million in Q2-16, compared to OMR 10.85 million in Q2-15. The bank generated …

Financial Results

8 June 2016 09:05 AM Bank Dhofar sets share swap ratio of merger with Bank Sohar

Mubasher: The board of Bank Dhofar reached an agreement with Bank Sohar’s board members on the share swap ratio of the proposed merger, according to a bourse statement issued Wednesday. Based on the agreement, every one share of Bank Dhofar will …

Mergers and Acquisitions

20 April 2016 08:57 AM Bank Dhofar establishes EMTN programme

Mubasher: Bank Dhofar set up a euro medium term note programme (EMTN), enabling it to issue eurobonds in the international market, according to a bourse statement. Listed on the Irish Stock Exchange (ISE), the programme enables flexible issuance …

Bonds

17 April 2016 09:19 AM Bank Dhofar’s Q1 profit up 15.1%

Mubasher: Bank Dhofar’s initial unaudited financial statements showed a rise of 15.1% year-on-year in its net profit for the first quarter of the fiscal year 2016. Net profit reached OMR 13.56 million ($35.13 million) in Q1-16, versus OMR 11.78 …

Financial Results

30 March 2016 10:23 AM Bank Dhofar to distribute cash dividends, bonus shares

Mubasher: Bank Dhofar’s shareholders approved yesterday the distribution of cash dividends at 15% of issued capital (15 baisa per share) and 1-for 10 bonus shares (10% of capital) for the fiscal year 2015, according to a bourse filing released on …

Cash Dividends

20 March 2016 04:55 PM Moody's assigns ‘Baa1’ rating to Bank Dhofar’s EMTN programme

Mubasher: Moody's Investors Services assigned today provisional (P)Baa1 long-term senior unsecured rating to the $500 million Euro Medium-Term Note (EMTN) programme of Bank Dhofar SAOG. This programme rating has been placed under review for …

Ratings

9 March 2016 00:16 PM Bank Dhofar sets 23 March for OGM

Mubasher: Oman’s Bank Dhofar announced on Wednesday that its ordinary general meeting (OGM) will be held on 23 March. The OGM will discuss a proposal by the board of directors to distribute cash dividends at 15 Baisas per share and bonus shares at …

Trading Activities

3 March 2016 03:39 PM Moody's downgrades five Omani banks rating

Mubasher: Moody's downgraded today the long-term deposit ratings of five Omani banks as well as placing all banks' ratings under review for downgrade. The rating agency lowered Bank Muscat rating to A3 from A1, Oman Arab Bank to Baa1 from A2, …

Stock Evaluations